Posted by rmancil on 6/10/2011 8:38:00 AM (view original):
bfkfraser your just repeating yourself. You need to read the CNN links on Div 1 a football and the amount money they profit. The expected profit is over 1 billion just this year.
I have several questions:
Do you deny that the college has the right to determine how best to allocate their expenditures from their revenue ao long they are complying with the rules?
Do you deny that colleges should first remian compliant with the law? This means they have to provide equal opportunites and some of the funding has to come from profit centers.
If they fail to remain compliant, could they lose government funding or lose NCAA eligibilty? I am not sure on this, but I know of a Big ten school that feared the repurcussions of not being compliant and considered (and maybe did) eliminate their baseball program.
Are you aware that the Supreme Court ruled that the NCAA is mandated to ensure the student athletes remain amatuers?
As for the $1 billion in profit, that sounds like across the board or roughly $8.333 million per school. Did the writer completely analyze the athletic budget or take the bottom line of the football portion of the fund? Did the writer remove budget transfers and government grants as they are considered revenue in fund accounting? Did the writer allocate common expenses (compliance office AD salary, athletic building expenses between all sports? If so, how was it allocated? If not, the profit is overstated.
If you pay players, where do you get the money to continue to fund other athletics and remain compliant with the law? If you lose funding due to non-compliance, are schools prepared to lose government funding, which amounts to hundreds of millions of dollars per school? Or failure to comply would result in penalties form the NCAA, whether sanctions or expulsion. Either way, the college could stand to lose more.
Simply stating a profit figure without seeing the entire picture does not mean the paying players are feasible, especially when you consider less than 10% of colleges have completely self sufficient ahletic departments year in year out. More, in fact, lose money than make money.